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Title: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Kakmakr on May 19, 2018, 08:48:58 AM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors.
Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: ReindeerOnMe on May 19, 2018, 08:53:03 AM That makes sense though Bitcoin is still alive and kicking even if a lot of new Alt coins are popping up that is actually better than Bitcoin that we know. A lot of altcoins will continue to emerge and even if that happens, I don't see Bitcoin being covered up by these altcoin since there is a lot of investors and traders that is looking forward in Bitcoin's price in the future.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: amishmanish on May 19, 2018, 09:07:58 AM I think these "Alt-coins" and "fluff blockchain" technologies have screwed up the whole thing. By now, the debate around bitcoin should have matured towards following points:
Instead of these mature and hard questions, we have this drama created by egoistic, greedy f***s everywhere who think they could be the next Satoshi or those who simply want to confuse more and more new people with cutting-edge sounding names and part them with their money. Companies launching their own coins or similar paraphernalia to boost sales is nothing new. Things like points and coupons have existed for a long time. Alt-coins catering to a particular private organisation working on a private blockchain do not serve any purpose except being an easy, marketing gimmick. The medium bitcoin has "Bitcoin: the network and the code" behind it. How do you replicate that level of network robustness and decentralization on some Alt-coin which comes up with novel Proofs-of-'whatever'? I think the alt-coins are bad for the ecosystem because they do not bring anything new to the table but instead, spread the focus of new users towards the race to finding the "next" bitcoin. Without these gimmicks, people wouldn't be buying into all sort of crazy stuff hoping for it to grow because bitcoin has grown. Without them, the new wave of people too would have concentrated on the technology and tried to find ways for adoption through innovation. That kind of work has suffered when the majority of new people are interested in only investing, trading and flipping. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Idrisu on May 19, 2018, 09:14:55 AM New investors will find investments opportunities in new projects especially the one that resolved a very important human problem. I don't think that new altcoins or blockchain base technology can affect bitcoin price negatively as most of the altcoins move in the same direction with bitcoin against other currencies. I believe the more advance in technology and new discovery the more bitcoin price go up.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Kakmakr on May 19, 2018, 09:16:24 AM I think these "Alt-coins" and "fluff blockchain" technologies have screwed up the whole thing. By now, the debate around bitcoin should have matured towards following points:
Instead of these mature and hard questions, we have this drama created by egoistic, greedy f***s everywhere who think they could be the next Satoshi or those who simply want to confuse more and more new people with cutting-edge sounding names and part them with their money. Companies launching their own coins or similar paraphernalia to boost sales is nothing new. Things like points and coupons have existed for a long time. Alt-coins catering to a particular private organisation working on a private blockchain do not serve any purpose except being an easy, marketing gimmick. The medium bitcoin has "Bitcoin: the network and the code" behind it. How do you replicate that level of network robustness and decentralization on some Alt-coin which comes up with novel Proofs-of-'whatever'? I think the alt-coins are bad for the ecosystem because they do not bring anything new to the table but instead, spread the focus of new users towards the race to finding the "next" bitcoin. Without these gimmicks, people wouldn't be buying into all sort of crazy stuff hoping for it to grow because bitcoin has grown. Without them, the new wave of people too would have concentrated on the technology and tried to find ways for adoption through innovation. That kind of work has suffered when the majority of new people are interested in only investing, trading and flipping. Ok, for the sake of this discussion let's forget one moment about these ShitCoins and focus on real coins with a actual use case. This is why I used the "McCoin" example, because I know this coin will have a actual network of users behind them that would use these coins as a currency and buy and trade it, because they want to use it. <Not purely for the speculative side of it> Yes, I agree these ShitCoins adds zero value, but some of the coins with real world use case and big companies backing it, might add some value and the spin off might be good for Bitcoin. ??? ::) Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: ralle14 on May 19, 2018, 11:05:28 AM Altcoins are good for Bitcoin because as what you've said they have the option to trade their alts for Bitcoin since exchanges will always add that kind of market first before putting another one for alts. If their trusted altcoin goes crashing they could opt to move to Bitcoin if they want. Also these alts can be used for experiments I remember reading a thread/article where a certain coin (might be litecoin) was being used as a testcoin before implementing it on Bitcoin.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: aso118 on May 19, 2018, 11:33:20 AM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? The thousands of altcoins being launched really have no basis / business model / utility behind them. The only point of these coins is to raise money for their developers from unsuspecting investors. When the bubble bursts, these investors will lose faith in all cryptocurrencies. Of course, coins like the hypothetical McCoin wouldn't fall in this category. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: aardvark15 on May 19, 2018, 11:42:26 AM It’s hard to tell what the ultimate impact of altcoins will be on Bitcoin.
On the one hand, they are competition for Bitcoin and may take away some of Bitcoin’s share of this investment space. But on the other hand, Bitcoin isn’t capable of doing everything, so altcoins can open up whole new ideas that can make cryptocurrencies more attractive in general to investors. And these centralized cryptocurrencies that are run by business may not be competitors at all to decentralized cryptos like Bitcoin. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: krishnapramod on May 19, 2018, 12:07:34 PM Ok, for the sake of this discussion let's forget one moment about these ShitCoins and focus on real coins with a actual use case. This is why I used the "McCoin" example, because I know this coin will have a actual network of users behind them that would use these coins as a currency and buy and trade it, because they want to use it. <Not purely for the speculative side of it> Yes, I agree these ShitCoins adds zero value, but some of the coins with real world use case and big companies backing it, might add some value and the spin off might be good for Bitcoin. ??? ::) Real businesses/corporations launching their own corporate coins. With an existing revenue-generating business model, well-established reputation and a large user base, McDonald's wouldn't have much issue building a token economy for their business and user engagement would depend on how the use case of their token will be defined, limited to McDonald's only or much broader. As far as, would these corporate coins add some value or be good for Bitcoin, this analogy might be flawed, but IMO, corporate coins would just be an extension of their corporate shares. Yeah definitely, shares to a cryptocurrency, the whole use case changes and importantly accessibility. It has been reported that Facebook is planning to launch their cryptocurrency. I think there are a good number of crypto users who before entering the crypto market didn't had any experience dealing with stocks/shares. Now hypothetically if Facebook launches their own cryptocurrency would these users buy it? Definitely, it is giving them an opportunity to own a part of a well-established corporation and allowing them to trade it in an emerging volatile crypto market. I have no idea how the structure of corporate coins would be, too centralized or borderline decentralized, but IMO even with all the data/privacy/censorship issues, a Facebook cryptocurrency will get adopted, the whole crypto market doesn’t work on trust, decentralization, or ideology. Would corporate coins contribute to spreading the word about cryptocurrencies/Blockchain? It's a possibility and in turn could be good for the overall crypto market. With all the regulatory uncertainty, it could be some time before we see a corporate coin. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: gabmen on May 19, 2018, 12:14:05 PM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? Well i don't actually feel that way since i haven't yet heard of any alt that warranted that much attention. It's not easy to promote alts especially during these times when everyone is asked to be cautious because of frauds and scams. I don't anything from ghe crypto market right to now challenge btc's dominance Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Tory-Tory on May 19, 2018, 12:20:29 PM I think the situation described by you badly affects the growth rate of bitcoin. Money really flows into altcoyins. At reflection it is necessary to consider that fact, that with growth of the market quantity of investment funds and large players which buy mainly bitcoin grows. Therefore, there is a chance that the dominance of bitcoin will remain the same. Moreover, for me, bitcoin remains the only reliable crypto currency, which has the properties of an investment asset for preserving capital, rather than gaining instant profit, as it works with the altcoins.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Kakmakr on May 20, 2018, 07:36:05 AM Ok, for the sake of this discussion let's forget one moment about these ShitCoins and focus on real coins with a actual use case. This is why I used the "McCoin" example, because I know this coin will have a actual network of users behind them that would use these coins as a currency and buy and trade it, because they want to use it. <Not purely for the speculative side of it> Yes, I agree these ShitCoins adds zero value, but some of the coins with real world use case and big companies backing it, might add some value and the spin off might be good for Bitcoin. ??? ::) Real businesses/corporations launching their own corporate coins. With an existing revenue-generating business model, well-established reputation and a large user base, McDonald's wouldn't have much issue building a token economy for their business and user engagement would depend on how the use case of their token will be defined, limited to McDonald's only or much broader. As far as, would these corporate coins add some value or be good for Bitcoin, this analogy might be flawed, but IMO, corporate coins would just be an extension of their corporate shares. Yeah definitely, shares to a cryptocurrency, the whole use case changes and importantly accessibility. It has been reported that Facebook is planning to launch their cryptocurrency. I think there are a good number of crypto users who before entering the crypto market didn't had any experience dealing with stocks/shares. Now hypothetically if Facebook launches their own cryptocurrency would these users buy it? Definitely, it is giving them an opportunity to own a part of a well-established corporation and allowing them to trade it in an emerging volatile crypto market. I have no idea how the structure of corporate coins would be, too centralized or borderline decentralized, but IMO even with all the data/privacy/censorship issues, a Facebook cryptocurrency will get adopted, the whole crypto market doesn’t work on trust, decentralization, or ideology. Would corporate coins contribute to spreading the word about cryptocurrencies/Blockchain? It's a possibility and in turn could be good for the overall crypto market. With all the regulatory uncertainty, it could be some time before we see a corporate coin. I do not agree with you that Crypto currencies would be perceived as a share by the customers. I would rather compare the Crypto currency to some discount voucher or loyalty program points, than to shares. The customers will trade the tokens, but they will not own a share in the company. The only influence in the share price would be directly after the announcement that the company would be launching a coin like this. If the company pre-mined the coin, their revenue would increase with a small margin, when they sell those coins. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: hualangktsld841 on May 20, 2018, 07:53:44 AM Many people just stay in the negative news for the new altcoin. I think the new altcoin is good for bitcoin development. The community needs expansion and there must be many new altcoin so that the whole industry can expand faster.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: ronics on May 20, 2018, 08:02:26 AM New investors can find opportunities to invest in new projects, especially each that solves the most crucial problem with people in bitcoin. I do not think that new altcoins or blockchain based on technology can affect the price of bitcoin negatively because most altcoins are switching to the same destination with bitcoin against different currencies. I believe the technology is more developed and the new discovery is the more bitcoin price.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Tankdestroyer on May 20, 2018, 09:55:22 AM Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. I think it will be good for bitcoin even if centralized companies starts to create a cryptocurrency of their own after all, it can only be used to purchase goods and services rendered by the companies who issued a particular cryptocurrency. That's where bitcoin can come in, they can use bitcoin or any good crypto as a medium to pay these services via conversion services that can be accessed easily allowing fast conversion of btc or any decentralized crypto to a particular centralized crypto(in your example's case, it would be McCoin).Do you think this is Good or Bad for Bitcoin, when this happens? Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: ladydark on May 20, 2018, 10:05:51 AM I think that its good for bitcoin because more people who don't even know about bitcoin but about the company which is going to launch new coins.By this way,the word about bitcoin would spread sooner thereby increasing its demand and price.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: PsylockReborn on May 20, 2018, 10:21:39 AM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? It will create a positive effect to Bitcoin since it is the first cryptocurrency ever created and none of those altcoins would exist if Bitcoin wasn't invented in the first place. Even if there are millions of new altcoins coming in and trying to replace bitcoin or correct bitcoin's flaws, BTC will remain the king of all coins because of the mere fact that it has already proven its performance in the market and it is considered as the best store of value of all the cryptocurrencies. There are still lots of people who have no knowledge about bitcoin, so its one way of advertising bitcoin through a new cryptocurrency or project. In every cryptocurrency that is being made, bitcoin will always be the basis of them all. Those altcoins were made out of bitcoin's flaws so with these new innovations ( new altcoins or project ) it is one way as well of getting the word out of how awesome blockchain technology is as well as bitcoin as the first application of this greatest invention. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: mylyn2327 on May 20, 2018, 11:10:05 AM I think new altcoin can caused good to bitcoin, because we can't still seperate the fact that most of the alts are trade to bitcoin. New alts means new opportunity to bitcoin, it can be a way to introduce bitcoin to people and of course to attract more investors.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: amishmanish on May 20, 2018, 11:26:13 AM --snip-- As far as, would these corporate coins add some value or be good for Bitcoin, this analogy might be flawed, but IMO, corporate coins would just be an extension of their corporate shares. Yeah definitely, shares to a cryptocurrency, the whole use case changes and importantly accessibility. It has been reported that Facebook is planning to launch their cryptocurrency. I have no idea how the structure of corporate coins would be, too centralized or borderline decentralized, but IMO even with all the data/privacy/censorship issues, a Facebook cryptocurrency will get adopted, I do not agree with you that Crypto currencies would be perceived as a share by the customers. I would rather compare the Crypto currency to some discount voucher or loyalty program points, than to shares. The customers will trade the tokens, but they will not own a share in the company. --snip-- People generate content on Facebook. A lot of it. Facebook has recently received a lot of flak for letting user data be used for commercial purposes without user consent. If Facebook launches a blockchain based token, it may be a method for them to incentivize users for allowing their data to be shared. Say you have a few privacy settings and you get points every week on your facebook activity. The more private you make your account, your stakes get lowered and vice versa. This'll give them a good excuse to keep using the data while the people get something out of it. I don't think it'll be that great for bitcoin. You cannot expect a corporate like Facebook to care about decentralization or the economic paradigm shifting properties of Bitcoin. Mark Zuckerberg is a technologist himself but I guess, being a billionaire presiding over an empire does changes things. Those ideals get sidelined when you have are so well integrated with the system. Blockchain based products from such established corporations like Facebook or McDonald's may be a body blow to bitcoin. It is clear that the majority of users don't give a rat's ass about decentralization or any long term goals. All they care about is getting some dough. You can expect the apathy to multiply manifold once such blockchains running on private servers gain acceptance. Most people will simply use them rather than try to explore the privacy and freedom related aspect of a truly trustless currency like bitcoin. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: krishnapramod on May 20, 2018, 01:30:55 PM --snip-- As far as, would these corporate coins add some value or be good for Bitcoin, this analogy might be flawed, but IMO, corporate coins would just be an extension of their corporate shares. Yeah definitely, shares to a cryptocurrency, the whole use case changes and importantly accessibility. It has been reported that Facebook is planning to launch their cryptocurrency. I have no idea how the structure of corporate coins would be, too centralized or borderline decentralized, but IMO even with all the data/privacy/censorship issues, a Facebook cryptocurrency will get adopted, I do not agree with you that Crypto currencies would be perceived as a share by the customers. I would rather compare the Crypto currency to some discount voucher or loyalty program points, than to shares. The customers will trade the tokens, but they will not own a share in the company. --snip-- People generate content on Facebook. A lot of it. Facebook has recently received a lot of flak for letting user data be used for commercial purposes without user consent. If Facebook launches a blockchain based token, it may be a method for them to incentivize users for allowing their data to be shared. Say you have a few privacy settings and you get points every week on your facebook activity. The more private you make your account, your stakes get lowered and vice versa. This'll give them a good excuse to keep using the data while the people get something out of it. I don't think it'll be that great for bitcoin. You cannot expect a corporate like Facebook to care about decentralization or the economic paradigm shifting properties of Bitcoin. Mark Zuckerberg is a technologist himself but I guess, being a billionaire presiding over an empire does changes things. Those ideals get sidelined when you have are so well integrated with the system. Blockchain based products from such established corporations like Facebook or McDonald's may be a body blow to bitcoin. It is clear that the majority of users don't give a rat's ass about decentralization or any long term goals. All they care about is getting some dough. You can expect the apathy to multiply manifold once such blockchains running on private servers gain acceptance. Most people will simply use them rather than try to explore the privacy and freedom related aspect of a truly trustless currency like bitcoin. Last year, in Novemeber an article was published on Hackernoon titled, The Facebook Cryptocurrency that Mark Zuckerberg Should Launch. It was before Zuckerberg said that he was looking into Blockchain technology. One of the suggestions made by the author, Quote At some point, Facebook could link that supply of digital currency to the stockholders, so that the stockholders have stock as well as the currency, or Facebook could pay out the currency as a dividend. Even more extreme would be if Facebook gave the coin in proportional share to the stockholders and forgot about their stock altogether. Then, hypothetically, all users and shareholders would be joined together as the owners of Facebook, and any transaction economy that it creates. Yeah, a bit absurd and considering the very centralized business model of corporations, definitely too far-fetched. Apart from pre-mined, the article also mentions airdrops, Facebook launching their own exchange, buybacks, and a few hypothetical possibilities on how a big corporation like Facebook with more than 2 billion users could build their token economy and monetize it. A couple of years ago, there were no decentralized alternatives to Facebook/Twitter, but we do have them now, although the userbase is too small. Decentralization is a paradigm shift, but the approach taken by most of the decentralized Blockchain projects to decentralize everything isn't going to show any immediate results, it's a slow process. Yeah, people who don't care about their data privacy, security would use centralized cryptocurrencies backed by the so called corporations, but those who care, now have the choice to use decentralized versions with absolute privacy and security, wouldn't they use it? And as more decentralized platforms targeting different sectors are built, more decentralized choices people are going to have, adoption will be slow, but ultimately there would be a parallel decentralized economy. https://hackernoon.com/facebook-could-launch-the-ultimate-cryptocurrency-2e6a5b65665b PS: Not vouching for any centralized shitcoin. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Tynovten_ on May 20, 2018, 02:40:55 PM I never thought a new coin altcoin posed a threat to bitcoin, nor would it have a negative impact on bitcoin. Investors are so many scattered and new investors will emerge, and there are two types of investors, one of which is a beginner. This beginner also has some bitcoin knowledge and none at all. If a beginner doesn't have knowledge on that i think he won't start on a new project because of the fear that haunted. And chances are they switch to bitcoin first while learning. Why bitcoin? Because that is only often heard in their ears, bitcoin bitcoin and bitcoin.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: amishmanish on May 20, 2018, 03:09:22 PM A couple of years ago, there were no decentralized alternatives to Facebook/Twitter, but we do have them now, although the userbase is too small. Decentralization is a paradigm shift, but the approach taken by most of the decentralized Blockchain projects to decentralize everything isn't going to show any immediate results, it's a slow process. Right. Decentralizing everything has become the latest fad it seems. The good thing though is that decentralization approach gives the competition a unique vector to eat into the market share of existing behemoths like Facebook and Twitter. Many attempts by Google and others have failed. If a truly decentralized and useful alternative does come up, we can be sure that people will gradually realize the importance of having their data not being stored in silos.It is not in world's and society's long term interest for two companies to have such indisputable, iron clad monopoly on the whole of social media and our online lives, for whatever it is worth. There are a lot of ways this information can be and has been used for manipulation. Decentralization approach does give a way out for the developers and companies willing to invest in it. Who knows, maybe Facebook itself will do it. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: ajochems on May 20, 2018, 03:23:06 PM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? When the new altcoin is released ,new investors had a interest to inverse in that coin.If you brought a potential coin at low price, you will get huge profit from it. But I think,new altcoin will not reduce the value of bitcoin. Bitcoin is always the King of cryptocurrency. I had analysis, whenever the price of bitcoin raised. Same had inflect on all the altcoin. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Zackgeno96 on May 20, 2018, 03:27:38 PM As per me, if the coins are offering better user experience than the bitcoins then it is absolutely fine. There is always scope for the improvement and if some other alt-coins are delivering the same then its a good thing for the entire crypto community. It will also give an opportunity for the investors who missed the bitcoin bus to book healthy profit by investing into the profitable coins.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: BrewMaster on May 20, 2018, 04:43:43 PM i say it depends on the project and the goals of it. the end result can be either good or bad or even both.
so far the negative effects has been bigger and it has never been about "money going into them instead of going in bitcoin" it is all about the reputation damages that they are causing and also the bigger volatility because of their pump and dumps and the fact that the only entrance and exit for most of them is through bitcoin. creating better projects that are real not just some shitcoin for pump and dump can also be better for bitcoin as it also brings lots of positivity to the whole market and will make it look more professional. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: lelangsabun on May 20, 2018, 04:51:40 PM i think if there a new altcoin can make bitcoin even more stronger because you know is something that like they still using the blockchain system and the bitcoin price are still can make the every price are going to moved too by it
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: osh5 on May 20, 2018, 05:28:42 PM Bitcoin has been holding its position for eight years and still growing without any security failures. Bitcoins have been tested many times as compared to other younger alternatives available. Furthermore they are easier to access and have more merchants, exchange, hardware and software to support it. Its more liquid and have more market cap than any other alt coin. It has the biggest ecosystem and attracts many business minds to apply and use it for further enhancing the productivity and processes.
All these above factors certainly put Bitocoins on a superior position than any other block chain based coins. But if we look carefully we will know Bitcoin has been having it's own issues and only change in model and shift in network and software model can help Bitcoin to grow fiercely in the coming times or else other block chain based coins could reach close to Bitcoins or even take the lead offering wide applications and exclusive services. :) Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: charlotte04 on May 20, 2018, 05:42:51 PM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? I think it depends if that particular altcoin shall be known to all people around the world. Since most people only know 1 coin and that is Bitcoin. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: swissgang on May 20, 2018, 05:44:18 PM I think it is always good, even if it is something against bitcoin like bitcoin cash, or a altcoin which is not related to bitcoin because bitcoin is not affected by anything, it is like god of crypto.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: sheenshane on May 20, 2018, 06:07:53 PM I think it is always good, even if it is something against bitcoin like bitcoin cash, or a altcoin which is not related to bitcoin because bitcoin is not affected by anything, it is like god of crypto. In other words, these altcoins also have a good impact on the bitcoin. Okay, let say a newly emerged altcoins in the marketcap, I have that new altcoin in my wallet from the bounty rewards and now I want to trade my altcoin reward to bitcoin for easy converting into fiat.So, bitcoin was always there and support to crypto holder. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Harlot on May 20, 2018, 06:22:45 PM Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> In general it would have a good effect as it will make other people aware of what cryptocurrencies are but realistically I don't see any ICOs that will be more popular to BTC on its announcement date, you do have a good example as you have used McDonalds which I think as of right now is more popular than Bitcoin, them creating a cryptocurrency would boost awareness to the market but not all developers are as famous as McDonalds. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: sserge009 on May 21, 2018, 07:01:06 PM Perhaps for the bitcoin itself, the appearance of new coins and tokens does not bode well. However, the future of the industry, in my opinion, is in the altcoins and platforms for the blockchain. The idea of digital gold has failed and now it is necessary to seek a new application for crypto.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: wxa7115 on May 21, 2018, 08:15:27 PM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. In the case of the coin that you are describing it is impossible for it to have a bad effect on bitcoin because it will be a very specialized coin with a very specialized use, but it will have the good effect of promoting cryptocurrencies and promoting its use and since bitcoin is still the most widely used cryptocurrency bitcoin will be the biggest winner in such a scenario.Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: kaya11 on May 22, 2018, 12:54:22 AM That makes sense though Bitcoin is still alive and kicking even if a lot of new Alt coins are popping up that is actually better than Bitcoin that we know. A lot of altcoins will continue to emerge and even if that happens, I don't see Bitcoin being covered up by these altcoin since there is a lot of investors and traders that is looking forward in Bitcoin's price in the future. The only problem is when people buy alts is that the market dominance of Bitcoin is lessen as it will go to the new shitcoins that are made. But then I feel like whenever there is a new alt is born, another one dies and does balance the market. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: squatz1 on May 22, 2018, 01:51:53 AM I mean it really depends on what you want out of Bitcoin and the crypto community. If you want Bitcoin to grow in value (in price) then no, you don't want another coin to be present to be able to be used as another investment tool for people. You only want one choice so people will all jump on the Bitcoin train. Though this isn't the same case if you want crypto to dominate currencies, all you want is for coins to be the most innovative and most useful that they can be. You want the LN, you want nanoblocks like coins that have no fees (I think) and confirm instantly.
You don't care what it is if you're all for the currency. All you want is low to no fees, instant confirmation, and low to no volatility in value. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: kujaroth on May 22, 2018, 02:00:44 AM I think new altcoins coming out in the market means that cryptocurrency is growing and expanding. We don't know if it would be good or bad depending the outcome. Let's wait and see in the future.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: fiulpro on May 22, 2018, 02:08:16 AM Yes increased awareness is a thing but we should remember this that it will more or less decrease the number of investors available to Bitcoins is what I think..
Long before there was only Bitcoins and people had to invest in this only because there was no other option but now you do have a lots of options thus we should remember that with so many options the economic value of Bitcoins alone will decrease and the popularity too. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: entrepmind23 on May 22, 2018, 02:26:21 AM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? With the overwhelming development of new coins every day, it turns out that some of these coins are just copy paste of others and some are eventually being abandoned by the developers and just exist in the market for speculation purposes. With thousands of coins created, there are some that has a real world purpose while some are just all idea even if there is a successful ICO as they wasn't able to develop a product yet. Even if only half of those coins or even a quarter of it is viable and use by the people for its actual use, it is good for bitcoin as for me since it will help with the exposure of cryptocurrencies. If someone benefits from those coins, he would promote it to his family and friends and then others would learn about cryptocurrency. There would be a bad impression though when someone bought a coin and he was dumped on. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: 左 on May 22, 2018, 02:27:35 AM I think it actually takes away from bitcoin's legitimacy , too many scams going around these days.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: aleksei_chizhov on May 22, 2018, 02:57:43 AM Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? I think it’s possible if a new coin will have new advantages that are not available to BTC and other cryptocurrencies. For example, if the coin will be secured by real estate. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: tailwate07 on May 25, 2018, 07:37:42 AM Many people just stay in the negative news for the new altcoin. I think the new altcoin is good for bitcoin development. The community needs expansion and there must be many new altcoin so that the whole industry can expand faster. New altcoins and blockchain based technologies are can not have a huge impact on the Bitcoin. Bitcoin has its own status and has been able to attract investors despite everything the other technologies offer. They have never been able to replace or outshine Bitcoin, and I do not think they will. Bitcoin has attracted so many money that it has gone beyond the galaxy of crypto that the rest of the coins just dream of. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: wxa7115 on May 29, 2018, 08:28:05 PM Yes increased awareness is a thing but we should remember this that it will more or less decrease the number of investors available to Bitcoins is what I think.. I'm not so sure of that, it is true that the more cryptocurrencies in the market the smaller the market dominance of bitcoin but we must remember that most of those coins are completely useless and at some point I really think we are going to see a massive disappearance of those coins leaving a smaller market in terms of the number of projects but with better quality.Long before there was only Bitcoins and people had to invest in this only because there was no other option but now you do have a lots of options thus we should remember that with so many options the economic value of Bitcoins alone will decrease and the popularity too. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Snaic on May 29, 2018, 08:42:59 PM So that you do not think, but progress can not be stopped. We should not evaluate everything from the point of view of how this will affect the bitcoin. In my opinion, bitcoin was created for man, and not a man for bitcoin. We must consider technical innovations in terms of how this will affect a person's life. Therefore, if new technologies that create altcoyins with new good qualities are already invented, this is in any case good, no matter how it affects the bitcoin. If bitcoin wants to remain the leader of the crypto currency, he must quickly and on time improve, otherwise he can leave the market.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Harrisonimo on May 29, 2018, 09:04:03 PM It is quite apparent that most people do make demands for the bitcoin most times when they need to buy the altcoin. A very sharp increase can be when a prominent and prospective altcoin comes to the market. At Pre-ICO and ICO stage and also when it finally hits the market.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Tylev on May 29, 2018, 10:27:06 PM If a new technology for altcoyins has already been invented, this is in any case very good. This is not so important as it will affect the bitcoin. The main thing is that this will be for the benefit of the technical progress of man. Bitcoin must adapt to new technologies and accept them, or it will be rejected. Such a law of the market.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Twentyonepaylots on May 29, 2018, 10:49:52 PM --snip-- As far as, would these corporate coins add some value or be good for Bitcoin, this analogy might be flawed, but IMO, corporate coins would just be an extension of their corporate shares. Yeah definitely, shares to a cryptocurrency, the whole use case changes and importantly accessibility. It has been reported that Facebook is planning to launch their cryptocurrency. I have no idea how the structure of corporate coins would be, too centralized or borderline decentralized, but IMO even with all the data/privacy/censorship issues, a Facebook cryptocurrency will get adopted, I do not agree with you that Crypto currencies would be perceived as a share by the customers. I would rather compare the Crypto currency to some discount voucher or loyalty program points, than to shares. The customers will trade the tokens, but they will not own a share in the company. --snip-- People generate content on Facebook. A lot of it. Facebook has recently received a lot of flak for letting user data be used for commercial purposes without user consent. If Facebook launches a blockchain based token, it may be a method for them to incentivize users for allowing their data to be shared. Say you have a few privacy settings and you get points every week on your facebook activity. The more private you make your account, your stakes get lowered and vice versa. This'll give them a good excuse to keep using the data while the people get something out of it. I don't think it'll be that great for bitcoin. You cannot expect a corporate like Facebook to care about decentralization or the economic paradigm shifting properties of Bitcoin. Mark Zuckerberg is a technologist himself but I guess, being a billionaire presiding over an empire does changes things. Those ideals get sidelined when you have are so well integrated with the system. Blockchain based products from such established corporations like Facebook or McDonald's may be a body blow to bitcoin. It is clear that the majority of users don't give a rat's ass about decentralization or any long term goals. All they care about is getting some dough. You can expect the apathy to multiply manifold once such blockchains running on private servers gain acceptance. Most people will simply use them rather than try to explore the privacy and freedom related aspect of a truly trustless currency like bitcoin. Last year, in Novemeber an article was published on Hackernoon titled, The Facebook Cryptocurrency that Mark Zuckerberg Should Launch. It was before Zuckerberg said that he was looking into Blockchain technology. One of the suggestions made by the author, Quote At some point, Facebook could link that supply of digital currency to the stockholders, so that the stockholders have stock as well as the currency, or Facebook could pay out the currency as a dividend. Even more extreme would be if Facebook gave the coin in proportional share to the stockholders and forgot about their stock altogether. Then, hypothetically, all users and shareholders would be joined together as the owners of Facebook, and any transaction economy that it creates. Yeah, a bit absurd and considering the very centralized business model of corporations, definitely too far-fetched. Apart from pre-mined, the article also mentions airdrops, Facebook launching their own exchange, buybacks, and a few hypothetical possibilities on how a big corporation like Facebook with more than 2 billion users could build their token economy and monetize it. A couple of years ago, there were no decentralized alternatives to Facebook/Twitter, but we do have them now, although the userbase is too small. Decentralization is a paradigm shift, but the approach taken by most of the decentralized Blockchain projects to decentralize everything isn't going to show any immediate results, it's a slow process. Yeah, people who don't care about their data privacy, security would use centralized cryptocurrencies backed by the so called corporations, but those who care, now have the choice to use decentralized versions with absolute privacy and security, wouldn't they use it? And as more decentralized platforms targeting different sectors are built, more decentralized choices people are going to have, adoption will be slow, but ultimately there would be a parallel decentralized economy. https://hackernoon.com/facebook-could-launch-the-ultimate-cryptocurrency-2e6a5b65665b PS: Not vouching for any centralized shitcoin. Any entry of other ALT coin have some effect on Bitcoin, People may divert their attention to this new coin posted on the treed, either way depending on the price value on ICO of the new coin investor might try some investment to it, But in general, it would not have a greater effect on Bitcoin, we seen this happened on the treed, hundreds of ALT coin now are available after its ICO, but if you look deeper into the market preview, some new coins price value are not moving upward. it only indicate that no matter how good is the presentation of such coin on the market if this is not accepted and gain market confidence, it will just die naturally. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Lorence.xD on May 29, 2018, 11:02:55 PM --snip-- As far as, would these corporate coins add some value or be good for Bitcoin, this analogy might be flawed, but IMO, corporate coins would just be an extension of their corporate shares. Yeah definitely, shares to a cryptocurrency, the whole use case changes and importantly accessibility. It has been reported that Facebook is planning to launch their cryptocurrency. I have no idea how the structure of corporate coins would be, too centralized or borderline decentralized, but IMO even with all the data/privacy/censorship issues, a Facebook cryptocurrency will get adopted, I do not agree with you that Crypto currencies would be perceived as a share by the customers. I would rather compare the Crypto currency to some discount voucher or loyalty program points, than to shares. The customers will trade the tokens, but they will not own a share in the company. --snip-- People generate content on Facebook. A lot of it. Facebook has recently received a lot of flak for letting user data be used for commercial purposes without user consent. If Facebook launches a blockchain based token, it may be a method for them to incentivize users for allowing their data to be shared. Say you have a few privacy settings and you get points every week on your facebook activity. The more private you make your account, your stakes get lowered and vice versa. This'll give them a good excuse to keep using the data while the people get something out of it. Crypto currency is Digital transaction on buying and selling in the crypto world, the entry of any New ALT coin have no effect on Bitcoin, the fundamental are solid, stable market price value,globally adopted, do not have a share value at stake,and can not be consider like a stock share on the market, it has a different identity on the market, its a digital coin with each own quality to represent. I don't think it'll be that great for bitcoin. You cannot expect a corporate like Facebook to care about decentralization or the economic paradigm shifting properties of Bitcoin. Mark Zuckerberg is a technologist himself but I guess, being a billionaire presiding over an empire does changes things. Those ideals get sidelined when you have are so well integrated with the system. Blockchain based products from such established corporations like Facebook or McDonald's may be a body blow to bitcoin. It is clear that the majority of users don't give a rat's ass about decentralization or any long term goals. All they care about is getting some dough. You can expect the apathy to multiply manifold once such blockchains running on private servers gain acceptance. Most people will simply use them rather than try to explore the privacy and freedom related aspect of a truly trustless currency like bitcoin. Last year, in Novemeber an article was published on Hackernoon titled, The Facebook Cryptocurrency that Mark Zuckerberg Should Launch. It was before Zuckerberg said that he was looking into Blockchain technology. One of the suggestions made by the author, Quote At some point, Facebook could link that supply of digital currency to the stockholders, so that the stockholders have stock as well as the currency, or Facebook could pay out the currency as a dividend. Even more extreme would be if Facebook gave the coin in proportional share to the stockholders and forgot about their stock altogether. Then, hypothetically, all users and shareholders would be joined together as the owners of Facebook, and any transaction economy that it creates. Yeah, a bit absurd and considering the very centralized business model of corporations, definitely too far-fetched. Apart from pre-mined, the article also mentions airdrops, Facebook launching their own exchange, buybacks, and a few hypothetical possibilities on how a big corporation like Facebook with more than 2 billion users could build their token economy and monetize it. A couple of years ago, there were no decentralized alternatives to Facebook/Twitter, but we do have them now, although the userbase is too small. Decentralization is a paradigm shift, but the approach taken by most of the decentralized Blockchain projects to decentralize everything isn't going to show any immediate results, it's a slow process. Yeah, people who don't care about their data privacy, security would use centralized cryptocurrencies backed by the so called corporations, but those who care, now have the choice to use decentralized versions with absolute privacy and security, wouldn't they use it? And as more decentralized platforms targeting different sectors are built, more decentralized choices people are going to have, adoption will be slow, but ultimately there would be a parallel decentralized economy. https://hackernoon.com/facebook-could-launch-the-ultimate-cryptocurrency-2e6a5b65665b PS: Not vouching for any centralized shitcoin. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Slow death on May 30, 2018, 11:15:56 AM Do you think this is Good or Bad for Bitcoin, when this happens? Well, let's look at the current state of affairs: do we currently have more regulation and the reason for so much regulation? high volatility, many ICOs created by many scammers. many people have lost a lot of money because of ICOs created by scammers, but at the same time that many people lose money because of ICOs created by scammers, many people get to know about bitcoin and many people sell their altcoins to buy bitcoin. So whenever a new altcoin is created even if it is shitcoin, it always benefits bitcoin, even the regulation benefits bitcoin... because it will be thanks to the same regulation that in the future we may have more rich investors investing in bitcoin because they will feel more secure. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: wantjokull on May 30, 2018, 11:29:36 AM If we stick to the bitcoin emotionally then obviously we will say that only and we wont like when some other altcoin will be getting more attention than it. We have to be very keen about the whole scenario and let go bitcoin if there is really an altcoin which is worth something or which is going to sustain the market and blockchain with its own investment. If that truly happens then why not support such coins as we have to keep the blockchain alive and bitcoin may die eventually as it gets older but we cant be too sticky to it when its time is done.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Ilegendph on May 30, 2018, 12:31:39 PM I think these "Alt-coins" and "fluff blockchain" technologies have screwed up the whole thing. By now, the debate around bitcoin should have matured towards following points:
Instead of these mature and hard questions, we have this drama created by egoistic, greedy f***s everywhere who think they could be the next Satoshi or those who simply want to confuse more and more new people with cutting-edge sounding names and part them with their money. Companies launching their own coins or similar paraphernalia to boost sales is nothing new. Things like points and coupons have existed for a long time. Alt-coins catering to a particular private organisation working on a private blockchain do not serve any purpose except being an easy, marketing gimmick. The medium bitcoin has "Bitcoin: the network and the code" behind it. How do you replicate that level of network robustness and decentralization on some Alt-coin which comes up with novel Proofs-of-'whatever'? I think the alt-coins are bad for the ecosystem because they do not bring anything new to the table but instead, spread the focus of new users towards the race to finding the "next" bitcoin. Without these gimmicks, people wouldn't be buying into all sort of crazy stuff hoping for it to grow because bitcoin has grown. Without them, the new wave of people too would have concentrated on the technology and tried to find ways for adoption through innovation. That kind of work has suffered when the majority of new people are interested in only investing, trading and flipping. Ok, for the sake of this discussion let's forget one moment about these ShitCoins and focus on real coins with a actual use case. This is why I used the "McCoin" example, because I know this coin will have a actual network of users behind them that would use these coins as a currency and buy and trade it, because they want to use it. <Not purely for the speculative side of it> Yes, I agree these ShitCoins adds zero value, but some of the coins with real world use case and big companies backing it, might add some value and the spin off might be good for Bitcoin. ??? ::) As long as the market is still the same- you would need to buy bitcoin to buy altcoins. There are still many places that don't have the direct flat currency to altcoin exchange. Every coin the exists on market is a competition for bitcoin wether it useful coin or a shitcoin. Blockchain always improves and as a matter of fact there are altcoins that surpass bitcoin in functionality. People just can't buy this altcoins because its still not available for direct exchange to their flat currency. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: infested on May 30, 2018, 12:36:16 PM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? Most new people when they learned about BTC they saw the price and felt they missed the train. New Alts coming up starting very cheap (including ICOs) and constantly rising in value is what brings people in crypto. Almost none sane would invest in an overpriced asset at its ATH. So imo alts are actually helping BTC by importing more people into crypto. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: bart_to_bart on May 30, 2018, 12:38:10 PM Bitcoin has such a large capitalization that for him all this is indifferent.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: kimochidesh on May 30, 2018, 07:05:52 PM I don’t think so the Altcoin have such an impact on Bitcoin. Bitcoin has been in operation since 9 long years and no Altcoin has been able to affect it, neither in good way or bad way. So many new Altcoins are being launched but I don’t see that they will have a substantial impact on Bitcoin. It is more affected by the demand and supply factors, manipulations by whales or the type of news in the market.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: ss890 on May 31, 2018, 07:01:18 AM I think bad for the bitcoin. They will drive the investments toward the altcoins which are very good one. Thus taking the attention of bitcoin off the grid (theoretically). New altcoins always take aways many new investors as they find it buying them very cheap. Whether the project is good or bad thats not what they think in the first place but they just see them as the potential to profit as its cheap and can get hiked easily.
So in such instances if any altcoin come up with very good idea then it could really make things worse for the bitcoin. I think out of 100's coming every month there will surely be a coin which at least will be a threat to the bitcoin and will show the world BTC is not the only strongest candidate among the crypto. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: AnisahSiti on May 31, 2018, 08:40:01 AM this is great for bitcoin. meaning that the greater the investment that goes into bitcoin through the market. the more people invest into bitcoin, the more it will increase the value of bitcoin.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Dudeperfect on June 02, 2018, 05:32:24 PM See each and every coin has its own philosophy and that's how it works. Bitcoin came up with the solution for the issue of slower transactions and higher cost. Ethereum came up with the solution of smart contracts to deal with the issue of trust (especially for the online transactions).
Thus, I don't think that altcoins can affect Bitcoin in any way as far as Bitcoin is dominating the market with its potential and user-friendliness. In fact, I do see growth potential in 8 kinds 2 but it won't affect the popularity of Bitcoin in any way. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Daseento on June 02, 2018, 06:43:00 PM The emergence of other cryptocurrencies has been the sole reasons for the bearish movement of Bitcoin this year. So, I believe that it's bad for Bitcoin in the short run but on the other hand, these new projects has helped to promote the acceptance and adoption of cryptocurrencies generally. In the long, I believe that Bitcoin and other coins would coexist for better cryptocurrency solutions.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: andriarto on June 02, 2018, 07:47:27 PM I don’t think so the Altcoin have such an impact on Bitcoin. Bitcoin has been in operation since 9 long years and no Altcoin has been able to affect it, neither in good way or bad way. So many new Altcoins are being launched but I don’t see that they will have a substantial impact on Bitcoin. It is more affected by the demand and supply factors, manipulations by whales or the type of news in the market. different with me, with the number of new altcoins, bitcoin market gets crowded so that btc demand is increasing, and this is one of the driving factors for rising btc prices, as we saw in 2017Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Magiklair on June 02, 2018, 08:11:10 PM To tell the truth, I have no idea how this can reflect the btc. As for me, btc is the best one and I am not looking for the alternatives. I think that btc will be the most wanted for long and it is the safest one
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Lagrood on June 02, 2018, 08:53:34 PM Currently BTC is a top coin and while there is no candidate which replace BTC soon. BTC is not just a coin. First of all it is a brand which knows much people. Much money spended on advertisement of BTC. Secondly there are tremendous liquidity in BTC and there are a lot of investors and traders.
It is nice that altcoins are developing and appearing new ones but just right now they are not a replacement of BTC Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: zakariajaki on June 02, 2018, 09:11:39 PM in my opinion with the increasing number of new altcoin it will make the increasing value of bitcoin means the better at the top position of bitcoin as mother of existence of crypto world, in the presence of it make crypto more known and progressively progressing technology because bitcoin as pionernya is sure gave birth to a new altcoin, while another positive effect of the new altcoin is to make it easier for new investors to choose with specialists or the focus of the project followed by the new altcoin, may be useful and successful always
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Easx on June 02, 2018, 09:28:32 PM I think Neo, waves, and when its show up Hdac is better than bitcoin. Bitcoin just a popular cryptocurrency now. It hasn't advantage other coins.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Nicol3 on June 02, 2018, 10:18:43 PM I think its good for bitcoin because most of the newly created coins now are in ethereum blockchain amd it made no difference to ethereums price in the market so in bitcoins case, I dont think there is a threat if alrernate coins are created in bitcoins blockchain.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: kateycoin on June 02, 2018, 10:29:40 PM I think altcoin is big help to bitcoin because some project in altcoin will have a good help in bitcoin and blockchain. It doesn't mean that altcoin will beat the bitcoin for me it will more investor will buy bitcoin because this is the way to invest to altcoin. So bitcoin will not gone because of altcoin.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: West0813 on June 02, 2018, 10:45:34 PM Altcoins have some bad effects into bitcoin. Like competition. If there are many good altcoins that will release in the market. There will be many threats it the way of bitcoin.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: ogini on June 02, 2018, 10:58:31 PM The market is full of so many cryptocurrency and it will be wise to conconduct a though research before investing not all may be scam,and as bitcoin grows these good crypto project also grow with it
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Whitly on June 02, 2018, 11:26:18 PM I think, depends on what side to look, because from one side bitcoin has strong investors (holders), who won't exchange coins to alts and who interested to keep price increase, from another side hypothetically people can start massive buying alts, what will be based on good/bad news and bitcoin's price will lose some %. But it will probably, never happen.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Sled on June 02, 2018, 11:34:27 PM In my opinion, they are good for bitcoin because with their project as a cryptocurrency it is helping bitcoin to be popular not by promoting it but for carrying the name of cryptocurrency and with their promotion for their own name and brand, the people who will get interested with their project will be able to be connected to the cryptocurrency world and eventually, they will discover bitcoin as the main cryptocurrency.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: hatshepsut93 on June 03, 2018, 12:09:58 AM In the long run is doesn't really matter. Think about Amazon or PayPal, did they suffer from the dotcom bubble companies that drew so much investor money away from them? At that time yes, but now they are so huge that it would make very little difference if they got more investments in their early days. Money is not the only resource, time and talented people are also needed for a project to succeed, and you can't really buy them with money. Maybe Bitcoin would be a bit higher now is there were no altcoins on the market, but its technology would be the same. And if all people who work on altcoins decided to work on Bitcoin instead, it would also see only small increases in productivity, because the most important work is cutting-edge research and inventing.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: neliawesome on June 03, 2018, 04:17:22 AM I dont think new launch ALT coins & blockchains can affect bitcoin because as we all know bitcoin is still in number 1 spot even though the value drops deeply.Bitcoin has a higher value than other alt coins and it is more trusted.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: cherrymobile on June 03, 2018, 04:31:12 AM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. nope. i think they have all their base not only bitcoin cause we all know that alt coin is convertable in etherium before bitcoin. in the first place we are raising our fund or investment in blockchain which base on etherium right. money will not comeback if its lose so think wisely. bitcoin investors should know how to be patientCould a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: napi on June 03, 2018, 05:52:48 AM it seems it depends on how the products and developments that new altcoin has, if their products are good and there are no obstacles then it can be very good too.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: HolderLoo on June 03, 2018, 06:08:30 AM in the general development trend of the crypto market and the blockchain industry. In my opinion, the new altcoin is good for BTC. Because, the altcoin has the utility and efficiency as well as the friendliness, loyalty to daily needs, production and business for the people. In that sense, all will be attached to the development of the community -> it is very important in the existence, maintenance and development of crypto and bitcoin.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: frowsiter on June 03, 2018, 06:20:57 AM I think its good for bitcoin because most of the newly created coins now are in ethereum blockchain amd it made no difference to ethereums price in the market so in bitcoins case, I dont think there is a threat if alrernate coins are created in bitcoins blockchain. Yeah this is also very much true. As ICO's are forming day by day but with no real progress in the ETH platform as they dont really contribute to the value. If they would have increased the value of ETH then it could have had bad effects on the BTC as most of the people would have gotten attracted towards the ETH more. This would have been really bad for the bitcoin economy. Thankfully there is no progress in the ETH value due to ICO's!! They are anyway different sphere so lets not get worried about because of the altcoins. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: rainezerr401 on June 03, 2018, 06:26:23 AM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? Cryptocurrency that is running in the market are good because it only means that the market will have more competitors and because of that you can rely that cryptocurrency will not die in the future. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Nahl on June 03, 2018, 02:09:47 PM new altcoins can appears but there is no guarantee those altcoins will survive more than bitcoin even though those altcoins popular but for long term still bitcoin the best cryptocurrencies to hold however i think this is good for bitcoin because possibly the people who buy altcoin also can consider to buy bitcoin as their asset too and if this is happened then i think we will find new investors for bitcoin
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: LuffyD.Monkey on June 05, 2018, 06:20:45 AM I don’t think so the Altcoin have such an impact on Bitcoin. Bitcoin has been in operation since 9 long years and no Altcoin has been able to affect it, neither in good way or bad way. So many new Altcoins are being launched but I don’t see that they will have a substantial impact on Bitcoin. It is more affected by the demand and supply factors, manipulations by whales or the type of news in the market. different with me, with the number of new altcoins, bitcoin market gets crowded so that btc demand is increasing, and this is one of the driving factors for rising btc prices, as we saw in 2017Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: okala on June 05, 2018, 06:35:28 AM New blockchain coins and altcoins are good for bitcoin and even our society as only bitcoin cannot service humanity. If those coins are not there bitcoin could have not gotten the acceptability and pricing it is having now. I think we also need most of the tokens except the scam one.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Ricche on June 07, 2018, 09:34:33 AM I don't have any negative marking for them. All of them are really good coins and have good reputation in the market. I also know about about SciCoins a little bit. Though this is new project but result oriented and effective.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: pey on June 07, 2018, 10:50:58 AM All of them are good for bitcoin because they attract more money to the market which is good for bitcoin, they can't be higher than bitcoin in terms of market cap.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: laravuemaster on June 07, 2018, 10:54:39 AM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? Every cryptocurrency that is newly circulated in the market is good for bitcoins because in this way, the competition in the market will keep on growing and we can expect a better future for bitcoins. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: wxa7115 on June 07, 2018, 10:51:33 PM All of them are good for bitcoin because they attract more money to the market which is good for bitcoin, they can't be higher than bitcoin in terms of market cap. I'm not so sure that many of those altcoins are bringing new money to the market, most of all the money currently invested in cryptocurrencies is invested in the top 20 coins, if the other projects were that good and were able to bring benefits to the community we will see a more fair distribution in the amount of money invested in them but since it is not the case it is fair to say they do not really bring too much to the community.Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: raven7886 on June 09, 2018, 02:10:03 PM new altcoins can appears but there is no guarantee those altcoins will survive more than bitcoin even though those altcoins popular but for long term still bitcoin the best cryptocurrencies to hold however i think this is good for bitcoin because possibly the people who buy altcoin also can consider to buy bitcoin as their asset too and if this is happened then i think we will find new investors for bitcoin That is the case but the fantastic part of it is that they have at least in a way been able to help the whole space grow. Sure, a lot of people invest in the crypto space for different reasons, and having bitcoin alone in this space, would actually have made things boring or slow a little bit.As long as there are alternatives, even though they do not stand a chance of competing with bitcoin due to the first movers advantage, but at least they serve their own purpose, and they are useful in their own area, which I believe bitcoin cannot end up having it all, or probably, we could have just been dragging with growth and development somehow. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Osakrita on June 09, 2018, 02:13:35 PM Having new altcoins is good for the crypto economy,much of the wider awareness of bitcoin in recent times can be traced in parts to the proliferation of ICO projects.I think having new altcoins has a positive impact on the price of bitcoins.It draws more funds to crypto and some of those funds eventually end up in bitcoins.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: LuciferEveningStar on June 09, 2018, 02:17:04 PM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? new cryptocurrency means there will be new competitor in the market, it only means that the community of cryptocurrency is keep on growing and there are more people who are interested on bitcoins more than fiat. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: bitgolden on June 12, 2018, 12:59:08 PM I think its good for bitcoin because most of the newly created coins now are in ethereum blockchain amd it made no difference to ethereums price in the market so in bitcoins case, I dont think there is a threat if alrernate coins are created in bitcoins blockchain. Yeah this is also very much true. As ICO's are forming day by day but with no real progress in the ETH platform as they dont really contribute to the value. If they would have increased the value of ETH then it could have had bad effects on the BTC as most of the people would have gotten attracted towards the ETH more. This would have been really bad for the bitcoin economy. Thankfully there is no progress in the ETH value due to ICO's!! They are anyway different sphere so lets not get worried about because of the altcoins. They are all there for their own purposes and serve their own various needs for the users, and in this case, I am referring to those with products, and as long as they are on the Ethereum blockchain, they sure do have a role to play. Overall, for bitcoin, I do not see any problem that altcoins could have created. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: 1Referee on June 12, 2018, 01:20:27 PM I'm not so sure that many of those altcoins are bringing new money to the market, most of all the money currently invested in cryptocurrencies is invested in the top 20 coins, if the other projects were that good and were able to bring benefits to the community we will see a more fair distribution in the amount of money invested in them but since it is not the case it is fair to say they do not really bring too much to the community. Correct. In case there is a new project that gains people's interest, there isn't new money flowing into that project, but money will flow out of existing coins right into the new one. I am actually quite surprised with how altcoins haven't managed to come up with something really groundbreaking in the last years. Plenty of features they advertise with, barely any use. Only Ethereum managed to actually position itself in the market properly, and we see how that lifted its price significantly. Now it's waiting for Ethereum to dethrone itself or have the ICO hype come to an end. We also have Monero, which is quite a technical revolution in privacy terms, but it's being put to waste on centralized exchanges. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Kevin77 on June 16, 2018, 08:28:14 AM it seems it depends on how the products and developments that new altcoin has, if their products are good and there are no obstacles then it can be very good too. Unfortunately most of the altcoins today are more like living in the shadows of bitcoin. It is either some of them are more like a replica or clone trying to do what bitcoin could not do or some are tokens which are utility based. I believe it is a big space though and there is enough room for everyone. It is not a bad they are there, although in a way they have caused a huge diversion, but one thing is that the growth is imminent, and at least, they still bring a lot of competition for the space.There was a debate in this forum on why we need altcoins and there most people shared like altcoins are indirectly providing development ideas and testing platforms. I guess no one could ignore all these. It means new altcoins and blockchain based coins are always good for BTC and its community for making it evolved as per requirements of future. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: MascharonoM on June 24, 2018, 05:39:12 AM I am a newbie in Crypto Industry. I always look out for getting something new and unique. Not much sure Blockchain good or bad for BTC. During few months I have been looking for another ICO @SciDex project. What's the possibility for being succeed?
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Apened on June 24, 2018, 05:55:59 AM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. We are already in cryptocurrency and this was already existed, new altcoins, and new blockchains that some of this wants to beat bitcoins blockchain. It's good that we have some altcoins that having different ideas and usage as we are approaching the coming future this will help our future and for Bitcoin it remains the same it is the most used crypto to exist in the world we can never change it even saying that every company is starting to make their own coin regardless how bitcoin investors decrease because a certain time when it goes up the investors were always going back to it. Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: frowsiter on June 24, 2018, 09:05:45 AM I have come to strong conclusion that only the good and bad news around the globe can hamper the crypto currencies movement. It matter when there is exchanger that has got hacked, it matter when there is government accepting the crypto currencies, thats all! These kind of news and many more can only hamper the crypto currencies prices. No it does not matter if new altcoin is coming our way because it has its own crypto sphere where investors could be different, same and in equal for which we have no idea. So it doesn't matter if they bring new coin in market.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: ladydark on June 24, 2018, 09:34:04 AM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. Definitely if such a reputed company launches a coin,it would attract many investors but still bitcoin has got well settled,bitcoin investors would still continue to hold bitcoins.Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: maxreish on June 24, 2018, 09:54:03 AM It somehow good for some investors to atleast try other crypto investment aside from bitcoin. Altcoins are created for it's affordability. We all know how bitcoin cost, so producers and crypto lovers think of a way how cryptocurrency aside from bitcoin, with another blockchain but lower in value will fit the investors criteria and they found out the alternative way about it, which is the altcoins.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: miyaka26 on June 24, 2018, 03:58:33 PM This would always dependent on their demand, petty coins may have some negative impacts to bitcoin as it may taint some bad reactions and reputation generally to cryptocurrency most especially to those unaware people but there would be some altcoins which have some good usages and platforms hidden gems they've said that would be beneficial to bitcoin and other pairings of that specific coin.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: raahi on July 15, 2018, 09:35:42 AM When new coins are introduced with the blockchain network that is actually a good thing happening for the bitcoin market as the blockchain technology is being promoted and even though it is presented to be a competition for bitcoin the use of blockchain is a note that people are accepting the new standards of finance
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Raiden0729 on July 15, 2018, 09:39:52 AM Indeed expanded mindfulness is a thing yet we ought to recollect this that it will pretty much abatement the quantity of speculators accessible to Bitcoins is the thing that I think. Some time before there was just Bitcoins and individuals needed to put resources into this simply because there was no other alternative however now you do have a loads of choices therefore we ought to recall that with such a large number of choices the monetary estimation of Bitcoins alone will diminish and the fame as well.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: phillippw6 on July 27, 2018, 03:44:34 PM The more coins that prefer to choose to make their own coin instead of choosing the most rational choice coin in this cas4e the bitcoin are proving to be difficulties as the bitcoin can be used to value any assets as it is the accepted convention of the world so it's not good for bitcoin
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: MeganJenkins1212 on July 28, 2018, 04:00:52 AM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. I think people react negatively to seeing a new type of Blockchain based on the technology and the fear of thinking that bitcoin and other Altcoins will lose investors may be new to menopause. Much experience in investing in electronic money. That might also be good with bitcoin.Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: SaraMartin1212 on August 04, 2018, 05:25:52 PM I think that is what directly affects the value of bitcoin in the current cryptocurrency market. Previously, bitcoin was considered the first coin in the world to use blockchain technology to succeed. Now if any new co-learners learn bitcoin using blockchain technology, then developers will have more advanced technologies to overcome the bitcoin value.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: wantjokull on August 05, 2018, 05:01:37 AM All of them are good for bitcoin because they attract more money to the market which is good for bitcoin, they can't be higher than bitcoin in terms of market cap. Yeah its completely true that they can not overcome the market cap of bitcoin at anytime. This is logical and can be proven from one important fact that bitcoin dominance is way higher than all the crypto currencies available out there. Dont you think that it is what tells that bitcoin will never go down in the inevstment and people will keep putting their money into the bitcoin rather than alts. The altcoins problem is that they are always liquid projects, some get success and some fails and thats why they are not affecting bitcoin at all. So it doesnt matter how many more will come. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: Gaurav11kb on August 05, 2018, 05:21:25 AM Bitcoin is dominating the whole market and it would keep doing so even in future. If many good altcoins come into the market, they'll too be traded with bitcoin pairs. To put money in any alt, first we have to put our money in Bitcoin and if popularity increases, so does the price. So, it can ve said that more numbers of good altcoins are better for the market, for us and they are surely better for thr future of Bitcoin.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: fishball on August 05, 2018, 07:45:29 AM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? Well it depends on how bitcoin will see and handle these things. But for me, bitcoin should take these things as good opportunity to surpass its own own limits and surpass others. Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: MIZANUR5033 on August 05, 2018, 05:06:14 PM Well, you just ask very interesting and curious question nowadays. Really people nowadays are very interested in the market. Once upon a time people directly depend on BTC but as many days gone new new coins are coming in the market are. Most of them are created by the companies which depend on BTC. So they are creating their own coins. The altcoin and the blockchain system is one of system which are in the market to complete the btc. Now the thing is to think that is it bad for BTC or good for it.so my opinion is very clear this is a not effect Bitcoin so much rather it gives Bitcoin to the prime position. So it's very interesting things that people are creating new block chain system and make BTC the best coin in the whole cryptocurrency market.
Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: jeronimosuykens on August 12, 2018, 07:42:19 PM This would always dependent on their demand, petty coins may have some negative impacts to bitcoin as it may taint some bad reactions and reputation generally to cryptocurrency most especially to those unaware people but there would be some altcoins which have some good usages and platforms hidden gems they've said that would be beneficial to bitcoin and other pairings of that specific coin. These currencies really depend on market demand. People are interested in it and may be the ones who produce it to promote the market. But I think every coin must have a value for the user. For example, the currency is used to market games, or buy and sell books. And that is the essence of those coins.Title: Re: Do you think "new" Alt coins & "Blockchain" based coins are good or bad for BTC? Post by: chaoscoinz on August 12, 2018, 08:49:47 PM I think the immediate reaction from people invested into Bitcoin would be negative, when they hear that some new Alt coin or "Blockchain" based technology was launched. You immediately think that money will flow away from Bitcoin to these Alt coins and Bitcoin will lose investors. I don't know, I mean, what was the purpose of Doctor Nakamoto making the entire project open source? It seems like altcoins were encouraged. Bitcoin was most likely a proof of concept for the real innovation behind the madness, the blockchain. By making Blockchain technolgy a free to share code, it encouraged the startup of a grass roots community.Could a new coin attract new investors to the whole Crypto currency scene, that would not have invested, if it was not for this coin? Let's say for instance "Mc Donald's" launch a new Alt coin, called "McCoin" and Billions of people starts to buy and sell these coins. What would the natural spinoff of this be? I think "increased awareness" of Crypto Currencies. A percentage of these people might start to trade other Alt coins or Bitcoin as a result of this. <Big companies will kind of legitimize Crypto currencies, because people tend to trust these companies> Do you think this is Good or Bad for Bitcoin, when this happens? If I didn't know any better, I'd say Doctor Nakamoto's experiment was successful. An entire economy is being built around blockchain projects. Just my two cents! |